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MidAmerican proposes merger terms surpassing Wisconsin deal
MidAmerican Energy offers IES shareholders 2.82 per share versus 2.25 in the Wisconsin deal, a 25 percent higher value. The plan cites a stronger dividend, 12 month earnings outpacing dividend by over 18 percent, and debt management post merger. It notes an AI rating from Standard & Poor’s and redeploying 800 million in non-utility assets into utilities and communications.
MENTIONED IN THIS ARTICLE
Wisconsin
IES
MidAmerican Energy Company
MidAmerican
Midamerican-Ies
MidAmerican Energy
Standard & Poor’s